stamp duty

Stamp Duty on Off-Market Securities Transfer – Gift, Legacy, etc.

Corporate Law - Understand whether stamp duty is applicable on off-market transfers of securities without consideration, such as gifts or legacy transfers, as per the Indian Stamp Act amendments....

Share Stamping in Delhi Procedure

Corporate Law - Discover the Share Stamping procedure in Delhi, India, an essential step in the share transfer process. Learn about the significance of share stamping, its legal validity, and its role in ensuring compliance with tax regulations. Follow the step-by-step process, including stamp duty calculation, obtaining stamp paper, document execution, ...

Stamp Duty’s ‘Dilemma‘ ‘Epigram’ in Mergers / Demergers…!

Corporate Law - An importance of stamp duty in every financial transaction cannot be understated. Especially, when such key transactions is a corporate arrangement, for which stamp duty is required to be paid or else there may be severe repercussions....

Rate of Stamp duty on Shares and Debentures

Corporate Law - According to the amended provisions of the Indian Stamp Act, 1899, Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019 and Finance Act, 2019, w.e.f. 1st July, 2020- Now Stamp duty on the Securities Market Instrument be collected by the Stock Exchange OR Clearing Corporation O...

Amendment in Indian Stamp Act, 1899 w.e.f. 01.07.2020

Corporate Law - In order to facilitate ease of doing business and to bring in uniformity of the stamp duty on securities across States the Government of India amended the Indian Stamp Act 1899. The revised Act has come into effect from July 1, 2020. Today we will discuss some important features of this amended act. Main Features: […]...

Extend time limit for registering property documents in Maharashtra

Corporate Law - Yourself was kind enough in giving concessions up to 30.04.2021, for registration of docs, on which stamp duty is paid on or before 31.12.2020. But, due to sudden declaration of lockdown and restriction on movements, many people are not able to submit docs for registration....

Maharashtra budget 2021- Concession in Stamp Duty to Women

Corporate Law - Concession in Stamp Duty by 1 percent over the prevailing rate exclusively to Women, provided the transfer of house property or registration of sale deed is in the name of women. Increasing State Excise Duty to Rs. 220 percent of manufacturing cost or Rs. 187 per proof litre whichever is high on branded country liquor only....

Stamp duty Act Amendments & FY Year Extension Rumor

Corporate Law - Government broadens pertinence of stamp duty by 3 months from 1st April 2020 to 1st July 2020 The administration has not broadened the current 2019-20 financial year and it will end as planned on March 31, the finance minister said on 30th March 2020. Press Trust of India incorrectly revealed that the new financial year will begin fro...

E-stamping the easy and cost-effective way to pay stamp duty

Corporate Law - Paying stamp duty while purchasing or transferring a property is often a long-drawn process. You need to go to the registrar's office and await your turn, or seek a broker's help to get the job done with minimum fuss. But there is yet another way -- ...

After Delhi more states expected to levy stamp duty on trades

Corporate Law - “The imposition of stamp duty by states has become a problem. The concept was to validate a trade; it has been converted into a tax. Within the next few months, almost all states will impose it. An easy source of revenue, it’s mindless application of law,” said a member of the Association of NSE Members of India (Anmi), an associati...

No Stamp Duty on work order executed on behalf of Government: Delhi HC

SVK Infrastructures Vs Delhi Tourism And Transportation Development Corporation Ltd (Delhi High Court) - In a Delhi High Court ruling, it is clarified that no stamp duty is payable on instruments executed by or on behalf of the government. This decision is significant for arbitration cases....

Company Name Change: Legal Effects on Property Ownership & Stamp Duty

Groupe Seb India Private Limited Vs State of Himachal Pradesh and others (Himachal Pradesh High Court) - Explore legal implications of changing a company's name on property ownership and stamp duty, as examined in a case before Himachal Pradesh High Court....

Rajasthan HC Rules on Reduced Stamp Duty applicability for Lease Deeds without Premium

State of Rajasthan Vs Indus Tower Ltd (Rajasthan High Court) - Recent ruling by Rajasthan High Court on applicability of reduced stamp duty to lease deeds where rent is fixed and no premium is paid or delivered in the case State of Rajasthan Vs Indus Tower Ltd....

Conversion of public limited to private limited company doesn’t attract stamp duty

Inox Air Products Pvt. Ltd. Vs State of H.P. (Himachal Pradesh High Court) - Himachal Pradesh High Court held that stamp duty/ registration fee not leviable on conversion of public limited company to private limited company....

Stamp duty expenditure for public subscription of share/ debenture is allowable u/s 35D

CIT Vs On Mobile Global Ltd (Karnataka High Court) - Karnataka High Court held that the expenses incurred towards stamp duty in connection with issue for public subscription of shares or debentures of the company is an allowable expenditure under section 35D of the Income Tax Act....

Maharashtra Stamp Duty Amnesty Scheme-2023

Order No. Mudrank-2023/C.R.No.342/M-1(Policy) - (07/12/2023) - Introduction: The Revenue and Forests Department of Maharashtra has introduced the Maharashtra Stamp Duty Amnesty Scheme-2023 to remit or reduce stamp duty and penalties on specified instruments under the Maharashtra Stamp Act (LX of 1958). This article delves into the key details, eligibility crite...

Amendment in Scheme of Exemption & reimbursement of Stamp Duty

Order No. F.12(39)FD/Tax/2019-Pt. II - 4 - (12/05/2022) - The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% of Stamp Duty, shall submit a duly completed application in Form-S, appended to the Scheme, to the Member Secretary of the appropriate Screening Committee within 90 days o...

Delhi Govt extends relaxation of 20% in minimum Circle rates till 30.06.2022

Notification No. F. 1(2854)/Regn.Br./Div.Comm./HQ/2020/6841 - (30/12/2021) - Delhi Govt notifies the extension of relaxation of 20% in the minimum rates (Circle rates) till 30.06.2022 for valuation of lands and immovable properties in Delhi under rule 4 of the Delhi Stamp (Prevention of Under-Valuation of Instruments) Rules, 2007 for the purpose of payment of Stamp duty und...

1% lesser stamp duty for property purchased by Women in Maharashtra

Order No.Mudrank-2021/110R.12/CR.107/M-1 (Policy) - (31/03/2021) - Government of Maharashtra reduces the stamp duty by 1% on Agreement to Sell / Conveyance of residential property executed in favour of woman/women purchasers, with effect from 01.04.2021. ORDER Revenue & Forest Department, Madam Kama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai-32, Dated the ...

Amendments in Indian Stamp Act, 1899 & Rules from 1st July 2020

Release ID: 1635399 - (30/06/2020) - Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments...

Recent Posts in "stamp duty"

Maharashtra Stamp Duty Amnesty Scheme-2023

Order No. Mudrank-2023/C.R.No.342/M-1(Policy) 07/12/2023

Introduction: The Revenue and Forests Department of Maharashtra has introduced the Maharashtra Stamp Duty Amnesty Scheme-2023 to remit or reduce stamp duty and penalties on specified instruments under the Maharashtra Stamp Act (LX of 1958). This article delves into the key details, eligibility criteria, and application process of this amn...

No Stamp Duty on work order executed on behalf of Government: Delhi HC

SVK Infrastructures Vs Delhi Tourism And Transportation Development Corporation Ltd (Delhi High Court)

In a Delhi High Court ruling, it is clarified that no stamp duty is payable on instruments executed by or on behalf of the government. This decision is significant for arbitration cases....

Company Name Change: Legal Effects on Property Ownership & Stamp Duty

Groupe Seb India Private Limited Vs State of Himachal Pradesh and others (Himachal Pradesh High Court)

Explore legal implications of changing a company's name on property ownership and stamp duty, as examined in a case before Himachal Pradesh High Court....

Stamp Duty on Off-Market Securities Transfer – Gift, Legacy, etc.

Understand whether stamp duty is applicable on off-market transfers of securities without consideration, such as gifts or legacy transfers, as per the Indian Stamp Act amendments....

Posted Under: Corporate Law |

Rajasthan HC Rules on Reduced Stamp Duty applicability for Lease Deeds without Premium

State of Rajasthan Vs Indus Tower Ltd (Rajasthan High Court)

Recent ruling by Rajasthan High Court on applicability of reduced stamp duty to lease deeds where rent is fixed and no premium is paid or delivered in the case State of Rajasthan Vs Indus Tower Ltd....

Share Stamping in Delhi Procedure

Discover the Share Stamping procedure in Delhi, India, an essential step in the share transfer process. Learn about the significance of share stamping, its legal validity, and its role in ensuring compliance with tax regulations. Follow the step-by-step process, including stamp duty calculation, obtaining stamp paper, document execution, ...

Posted Under: Corporate Law |

Conversion of public limited to private limited company doesn’t attract stamp duty

Inox Air Products Pvt. Ltd. Vs State of H.P. (Himachal Pradesh High Court)

Himachal Pradesh High Court held that stamp duty/ registration fee not leviable on conversion of public limited company to private limited company....

Stamp duty expenditure for public subscription of share/ debenture is allowable u/s 35D

CIT Vs On Mobile Global Ltd (Karnataka High Court)

Karnataka High Court held that the expenses incurred towards stamp duty in connection with issue for public subscription of shares or debentures of the company is an allowable expenditure under section 35D of the Income Tax Act....

Collector not empowered to revise stamp duty which is already levied & paid

Sukoon Construction Pvt. Ltd. Vs The Collector of Stamp (Bombay High Court)

HC Held that Collector could not revise stamp duty upon Deed of Assignment, when he already once levied the stamp duty and endorsed a certificate to that effect on the Deed and such stamp duty was also paid...

Stamp Duty’s ‘Dilemma‘ ‘Epigram’ in Mergers / Demergers…!

An importance of stamp duty in every financial transaction cannot be understated. Especially, when such key transactions is a corporate arrangement, for which stamp duty is required to be paid or else there may be severe repercussions....

Posted Under: Corporate Law |

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